Today News - Bitcoin Remains On Hunt for $7K Despite Price Pullback

Today News - Bitcoin Remains On Hunt for $7K Despite Price Pullback

Bitcoin (BTC) has pulled back from an 11-day high, but the short-term outlook remains bullish, the technical studies indicate. The leading cryptocurrency looked overbought yesterday, as per short-duration indicators, having rallied to $6,681 on Bitfinex on Monday - the highest level since June 22. Consequently, BTC fell back to $6,414 earlier today and was last seen trading at $6,530 - down 2.2 percent on a 24-hour basis. Clearly, the bullish momentum has waned in the last 24 hours, still, the t...

Source: Today News

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